Global Diamond Grinding Wheels Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Diamond Grinding Wheels Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Grinding wheels are wheels that contain abrasive compounds for grinding and abrasive machining operations. Such wheels are also used in grinding machines. Diamond is a super abrasive grain with the highest known hardness and a cubic crystal structure. Diamond wheels are grinding wheels with industrial diamonds bonded to the periphery, which are used for grinding extremely hard materials such as carbide cutting tips, gemstones, or concrete.

Market Overview:

The latest research study on the global Diamond Grinding Wheels market finds that the global Diamond Grinding Wheels market reached a value of USD 1408.15 million in 2022. It’s expected that the market will achieve USD 2027.83 million by 2028, exhibiting a CAGR of 6.27% during the forecast period.

The powerful functions and benefits of diamond grinding wheels drive consumption, which is beneficial to the development of the industry. Diamond grinding wheels offer multiple benefits from high material removal rates to minimal thermal damage. Diamond wheels have higher thermal conductivity compared to conventional lapidary grinding wheels.

The major trend in the market is the application of artificial intelligence and system integration. Modern CNC systems comprise intelligent software for different roles such as position, velocity, and acceleration control. Artificial intelligence (AI) generally focuses on decision-making, to some extent, based on sensor input. It implies that the machine makes the decision. The AI machine can continuously perform repetitive tasks without taking help from human beings.

The availability of other substitutes such as CBN grinding wheels put a challenge to the development of diamond grinding wheels industry. Unlike diamond, cubic boron nitride (CBN) doesn't exist in nature and is synthesized from boron and nitrogen.

Region Overview:

In 2022, the share of the Diamond Grinding Wheels market in Americas stood at 32.01%.

Company Overview:

Saint-Gobain
Compagnie de Saint-Gobain S.A. is a French multinational corporation, founded by the Sun King in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of construction, high-performance, and other materials. Saint-Gobain is now present in 76 countries and in 2022 employs more than 170,000 people. Saint-Gobain Abrasives, the world’s leading manufacturer of abrasives, provides a complete portfolio of products that offer powerful, precise, and user-friendly solutions for every step of the abrasive process, enabling customers to shape and surface-finish all types of materials even in the most complex and challenging applications, from DIY home improvement to highly technical precision engineering.

3M

3M (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. In the U.S., 3M’s general offices, corporate research laboratories, and certain division laboratories are located in St. Paul, Minnesota. The Company operates 61 manufacturing facilities in 29 states. Internationally, the Company operates 89 manufacturing and converting facilities in 30 countries.

Segmentation Overview:

Among different product types, Resinoid Bond Grinding Wheels segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Metal Industry, with a market share of 51.55% in 2022.

Key Companies in the global Diamond Grinding Wheels market covered in Chapter 3:

Saint-Gobain
Mirka
Tyrolit Group
Andre Abrasive
Noritake
Kure Grinding Wheel
Asahi Diamond Diamond
Ehwa
DSA Products
Klingspor
DK Holdings
Keihin Kogyosho Co., Ltd
3M
SHIN-EI Grinding Wheels

In Chapter 4 and Chapter 14.2, on the basis of types, the Diamond Grinding Wheels market from 2018 to 2029 is primarily split into:

Resinoid Bond Grinding Wheels
Vitrified Bond Grinding Wheels
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Diamond Grinding Wheels market from 2018 to 2029 covers:

Metal Industry
Semiconductor Industry
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)